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2024-05-17 14:08:12

thiefofsats on Nostr: This week's recap, BTC 4h. After a bullish week Bitcoin has finally set a "higher ...

This week's recap, BTC 4h.
After a bullish week Bitcoin has finally set a "higher high" since following the declining trend from the ATH. We're closing the week with a strong rejection in the $66,500 rang. Since it's Friday we might see a little relief from signalling overbought across the board.

Expected support levels are 64k and 62k respectively on the bearish side. For the bulls we want to see a move above 65k but hopefully with a pullback first to take pressure of the market.

Disclaimer: The longs from 57k and 61k got closed last night with a re-entry floating at $66,805 in case we do not get said relief over the weekend.
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